In October, food prices turned from a 0.8% increase in the previous month to a decline of 1.2%, which was lower than the average level for the same period in the past decade. It was the main factor affecting the month-on-month decline in CPI. Among food, fine weather is conducive to the production, storage and transportation of fresh food. In addition, prices have increased more due to extreme weather in the early stage. The prices of pork, fresh vegetables, aquatic products and fresh fruits have dropped by 3.7%, 3.0%, 2.0% and 1.0 respectively this month. %, the total impact of CPI decline by about 0.20 percentage points month-on-month, accounting for about 70% of the total CPI decline.
In October, food prices turned from a 0.8% increase in the previous month to a decline of 1.2%, which was lower than the average level for the same period in the past decade. It was the main factor affecting the month-on-month decline in CPI. Among food, fine weather is conducive to the production, storage and transportation of fresh food. In addition, prices have increased more due to extreme weather in the early stage. The prices of pork, fresh vegetables, aquatic products and fresh fruits have dropped by 3.7%, 3.0%, 2.0% and 1.0 respectively this month. %, the total impact of CPI decline by about 0.20 percentage points month-on-month, accounting for about 70% of the total CPI decline.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
